1 00:00:32,140 --> 00:00:36,970 Suze: January 15, 2023. 2 00:00:37,740 --> 00:00:43,550 Suze: Again, time is passing quickly anyway, Suze O here and 3 00:00:43,560 --> 00:00:46,300 Suze: welcome to the women and money podcast as well as 4 00:00:46,310 --> 00:00:53,780 Suze: everybody smart enough to listen, tomorrow is Martin Luther King Day. 5 00:00:54,460 --> 00:00:59,270 Suze: So that truly is a day that we need to celebrate. 6 00:00:59,280 --> 00:01:02,590 Suze: I also really want to send out my prayers to 7 00:01:02,600 --> 00:01:09,429 Suze: everybody in Selma, Alabama, to everybody in California that's being 8 00:01:09,430 --> 00:01:14,050 Suze: affected by the weather and the rain and the mud. 9 00:01:14,560 --> 00:01:18,580 Suze: But I want us all to take what's happening in 10 00:01:18,580 --> 00:01:19,810 Suze: this world 11 00:01:20,690 --> 00:01:25,250 Suze: as a sign that just because you own real estate 12 00:01:25,260 --> 00:01:29,259 Suze: doesn't mean that nothing is ever gonna happen to you 13 00:01:29,770 --> 00:01:34,399 Suze: just because you're doing this or doing that things can 14 00:01:34,400 --> 00:01:38,289 Suze: happen and it is your job, it is your job 15 00:01:38,290 --> 00:01:42,479 Suze: to be prepared for the what ifs of life. 16 00:01:43,060 --> 00:01:46,130 Suze: And I want to say that because I know today 17 00:01:46,130 --> 00:01:49,420 Suze: is Suze School and I know today many of you 18 00:01:49,420 --> 00:01:52,870 Suze: are just so excited because I'm going to tell you 19 00:01:52,870 --> 00:01:56,970 Suze: about what I think about the stock market, about gold, 20 00:01:56,980 --> 00:02:01,400 Suze: about Bitcoin. About whatever comes out of my mouth at 21 00:02:01,400 --> 00:02:03,570 Suze: the time. I'm telling it to you because I never 22 00:02:03,570 --> 00:02:07,430 Suze: quite know til it happens. But no matter what I 23 00:02:07,430 --> 00:02:09,150 Suze: say today, 24 00:02:09,880 --> 00:02:15,010 Suze: anything can happen that changes that 25 00:02:15,639 --> 00:02:19,350 Suze: Everything will change if for whatever reason the government shuts 26 00:02:19,350 --> 00:02:22,899 Suze: down because they don't increase the debt ceiling. 27 00:02:23,919 --> 00:02:29,739 Suze: So all of us are vulnerable to nature. All of 28 00:02:29,740 --> 00:02:34,070 Suze: us are vulnerable to what the congress decides to do. 29 00:02:34,080 --> 00:02:39,160 Suze: All of us are vulnerable, what happens in Ukraine and 30 00:02:39,160 --> 00:02:42,639 Suze: what where that goes and possibly North Korea. And who 31 00:02:42,639 --> 00:02:44,560 Suze: knows what can happen. 32 00:02:45,350 --> 00:02:50,760 Suze: So it is really, really important that you understand that 33 00:02:51,040 --> 00:02:52,630 Suze: you understand that 34 00:02:53,370 --> 00:02:57,940 Suze: because no matter what I say, no matter what anybody 35 00:02:57,950 --> 00:03:05,450 Suze: else says, things can change. So how do you protect yourself? 36 00:03:05,460 --> 00:03:09,970 Suze: You make sure that you have significant amounts of money 37 00:03:09,980 --> 00:03:14,459 Suze: invested in a way that no matter what happens, you 38 00:03:14,470 --> 00:03:18,820 Suze: are safe and sound. And one of those ways is 39 00:03:18,820 --> 00:03:22,590 Suze: really through what? Treasury bills 40 00:03:22,900 --> 00:03:27,990 Suze: and notes at this particular point in time or certificates 41 00:03:28,000 --> 00:03:29,570 Suze: of deposits. 42 00:03:30,290 --> 00:03:32,970 Suze: But you have to make sure that you have a 43 00:03:32,970 --> 00:03:38,050 Suze: substantial sum of money that's generating income for you. That 44 00:03:38,050 --> 00:03:44,330 Suze: no matter what happens, you are what you are secure. 45 00:03:45,190 --> 00:03:48,980 Suze: So I'm going to go over everything that I think, 46 00:03:48,990 --> 00:03:52,920 Suze: but you have to make sure that you have a 47 00:03:52,920 --> 00:03:57,230 Suze: protection plan in place now. I am not being a 48 00:03:57,230 --> 00:04:01,790 Suze: doom and gloomer here, I'm just being somebody who, even 49 00:04:01,790 --> 00:04:04,869 Suze: with my own money, I make sure that no matter 50 00:04:04,870 --> 00:04:08,190 Suze: what happens, that the amount of money that I have 51 00:04:08,190 --> 00:04:13,570 Suze: protected is enough that we can live on and be okay. 52 00:04:14,500 --> 00:04:17,740 Suze: Remember one of the laws of money you need to 53 00:04:17,740 --> 00:04:19,730 Suze: invest in the known 54 00:04:20,330 --> 00:04:24,630 Suze: versus the unknown. So just make sure that you're known 55 00:04:24,950 --> 00:04:27,729 Suze: is always taken care of. 56 00:04:28,620 --> 00:04:30,060 Suze: So this morning, 57 00:04:30,690 --> 00:04:34,270 Suze: KT was making out a list of things to order 58 00:04:34,270 --> 00:04:35,860 Suze: from Costco. 59 00:04:36,430 --> 00:04:39,060 Suze: We're in Florida right now and we're leaving later this 60 00:04:39,060 --> 00:04:42,770 Suze: afternoon to go back to the island, we always come 61 00:04:42,770 --> 00:04:46,740 Suze: back once a month around the seventh for a few days. 62 00:04:46,750 --> 00:04:50,909 Suze: So here we are. And she's ordering food for us 63 00:04:50,910 --> 00:04:52,340 Suze: to take back with us. 64 00:04:52,680 --> 00:04:55,119 Suze: And all of a sudden I hear her say, are 65 00:04:55,120 --> 00:04:59,130 Suze: you kidding me? And I go, what's wrong? She goes, Suze, 66 00:04:59,170 --> 00:05:02,779 Suze: I order organic chicken for us all the time. This 67 00:05:02,779 --> 00:05:08,159 Suze: one chicken from Costco is $39 a chicken. 68 00:05:09,380 --> 00:05:12,230 Suze: And I said, and are you going to order it? 69 00:05:12,240 --> 00:05:14,680 Suze: She said, what do you think I should do? I said, 70 00:05:14,690 --> 00:05:18,670 Suze: I don't think there's any chicken on this world that's 71 00:05:18,670 --> 00:05:24,020 Suze: worth $39 when you're ordering it in any other place 72 00:05:24,029 --> 00:05:26,790 Suze: other than a restaurant. And I'm not even sure it's 73 00:05:26,790 --> 00:05:28,630 Suze: worth that in a restaurant. 74 00:05:29,350 --> 00:05:32,490 Suze: And so then we started to look at the price 75 00:05:32,500 --> 00:05:34,120 Suze: of everything. 76 00:05:34,930 --> 00:05:35,770 Suze: And 77 00:05:36,420 --> 00:05:40,739 Suze: we decided that for the next few months we are 78 00:05:40,740 --> 00:05:44,969 Suze: going to be totally vegetarian because I am not going 79 00:05:44,970 --> 00:05:48,719 Suze: to spend $39 for a chicken. I am not going 80 00:05:48,720 --> 00:05:53,940 Suze: to spend $49 for steak or whatever it happens to be. 81 00:05:54,960 --> 00:05:58,330 Suze: And one may wonder, well why not Suze? You can 82 00:05:58,330 --> 00:06:01,440 Suze: afford it. And here's what I want to say to 83 00:06:01,440 --> 00:06:05,740 Suze: all of you just because you have money doesn't mean 84 00:06:05,750 --> 00:06:07,550 Suze: you have to spend it 85 00:06:08,300 --> 00:06:12,170 Suze: because none of us can ever forget when we didn't 86 00:06:12,170 --> 00:06:16,010 Suze: have money and then therefore just spend the money we 87 00:06:16,010 --> 00:06:21,160 Suze: have in any possible way. You know, my favorite question 88 00:06:21,160 --> 00:06:23,720 Suze: that I've always wanted all of you to be able 89 00:06:23,720 --> 00:06:28,970 Suze: to ask and answer is when you buy something that 90 00:06:28,980 --> 00:06:34,170 Suze: you can afford versus something that you need versus when 91 00:06:34,170 --> 00:06:37,430 Suze: you can afford more than what you need. 92 00:06:38,320 --> 00:06:39,779 Suze: Did that make sense to you? 93 00:06:40,350 --> 00:06:44,250 Suze: And that goes back to the day when I was 94 00:06:44,250 --> 00:06:47,330 Suze: starting to make money and I was going to be 95 00:06:47,330 --> 00:06:50,720 Suze: living in New York for small periods of time to 96 00:06:50,720 --> 00:06:57,310 Suze: do television and at that time I could afford a 97 00:06:57,310 --> 00:07:03,120 Suze: multimillion dollar penthouse, but I didn't need it. 98 00:07:03,450 --> 00:07:08,840 Suze: So what did I do? I bought a $240,000 apartment 99 00:07:08,839 --> 00:07:12,370 Suze: on 57th at the time. This was now 1997 or 100 00:07:12,370 --> 00:07:19,060 Suze: 1998 and that's what I purchased because that's all I needed. 101 00:07:19,160 --> 00:07:23,240 Suze: So I just ask you as time goes on 102 00:07:23,800 --> 00:07:27,830 Suze: can you ask yourself that question just because you can 103 00:07:27,830 --> 00:07:29,460 Suze: afford to buy something 104 00:07:30,090 --> 00:07:33,240 Suze: do you? If what you are buying is something you 105 00:07:33,240 --> 00:07:36,960 Suze: do not need? Just saying. 106 00:07:37,680 --> 00:07:41,630 Suze: Okay, what do I think is going to happen now 107 00:07:41,680 --> 00:07:44,460 Suze: in 2023? 108 00:07:44,990 --> 00:07:49,700 Suze: I do not think that 2023 is going to be 109 00:07:49,700 --> 00:07:55,040 Suze: as bad of a year, financially speaking as it was 110 00:07:55,050 --> 00:08:02,750 Suze: in 2022 and partly. That's because the market went down 111 00:08:02,760 --> 00:08:08,000 Suze: in January of 2022 and that's when many of you 112 00:08:08,000 --> 00:08:09,140 Suze: on paper 113 00:08:09,280 --> 00:08:15,660 Suze: and possibly really took significant losses with your money. 114 00:08:16,180 --> 00:08:21,780 Suze: You saw stocks such as Netflix or Shopify or whatever 115 00:08:21,780 --> 00:08:27,190 Suze: the stocks were. Apple, Amazon go down significantly 116 00:08:27,710 --> 00:08:30,280 Suze: and are they going to go back up or not? 117 00:08:30,290 --> 00:08:32,420 Suze: I'll tell you that in a second. 118 00:08:33,050 --> 00:08:36,480 Suze: But here we are in a situation now where many 119 00:08:36,480 --> 00:08:43,150 Suze: of the stocks are seriously down now. Do I think 120 00:08:43,160 --> 00:08:48,120 Suze: that these markets could go down seriously from here even more? 121 00:08:49,100 --> 00:08:51,400 Suze: I have to tell you if I was going to 122 00:08:51,400 --> 00:08:54,900 Suze: give you a bias as to do I think these 123 00:08:54,900 --> 00:08:57,729 Suze: markets are going to go up are going to go down. 124 00:08:57,740 --> 00:09:02,800 Suze: I still think for this market to really finally one 125 00:09:02,800 --> 00:09:06,590 Suze: day turn around and go back up it needs to 126 00:09:06,600 --> 00:09:11,630 Suze: go back down further. I get very well that the 127 00:09:11,630 --> 00:09:16,730 Suze: Standard and Poor's 500 index as we speak is almost 128 00:09:16,740 --> 00:09:18,969 Suze: at 4000. 129 00:09:19,450 --> 00:09:23,730 Suze: But I don't think we're going to see it stay there. 130 00:09:23,740 --> 00:09:26,670 Suze: So this is not a time that I would be 131 00:09:26,670 --> 00:09:29,429 Suze: buying if you want to know the truth do. I 132 00:09:29,429 --> 00:09:32,670 Suze: think that it could go up a little bit higher 133 00:09:32,670 --> 00:09:35,260 Suze: from here. I absolutely do. 134 00:09:35,820 --> 00:09:38,490 Suze: But its resistance level... 135 00:09:39,179 --> 00:09:43,820 Suze: Do all of you know what that means? Is about 4155. 136 00:09:45,350 --> 00:09:48,329 Suze: So I have a feeling that when you see it 137 00:09:48,360 --> 00:09:52,840 Suze: go up, if it does from this point to about 4155. 138 00:09:54,320 --> 00:09:59,120 Suze: That it could hold around there and then possibly start 139 00:09:59,130 --> 00:10:05,480 Suze: to go down what I'm really concerned about 60% of 140 00:10:05,480 --> 00:10:11,230 Suze: the stocks in the Standard and Poor's 500 index are 141 00:10:11,230 --> 00:10:14,630 Suze: now indicating that they are overbought. 142 00:10:15,309 --> 00:10:21,170 Suze: What overbought means is most of the people who wanted 143 00:10:21,170 --> 00:10:26,609 Suze: to buy it have already purchased it. That's a simple explanation. 144 00:10:26,610 --> 00:10:31,620 Suze: Remember you need people to buy and buy and buy 145 00:10:31,770 --> 00:10:36,100 Suze: to push the price of something up. If most of 146 00:10:36,100 --> 00:10:38,280 Suze: the people who bought it 147 00:10:38,790 --> 00:10:43,550 Suze: have already purchased it, then that's when it's considered to 148 00:10:43,550 --> 00:10:45,400 Suze: be overbought. 149 00:10:46,140 --> 00:10:50,030 Suze: So I would just be careful here 150 00:10:50,600 --> 00:10:58,870 Suze: Given that we're overbought. Given that we're approaching another resistance level. 151 00:10:58,880 --> 00:11:04,140 Suze: I would just know that there's a bigger probability that 152 00:11:04,140 --> 00:11:08,900 Suze: these markets, especially the Standard and Poor's 500, they are 153 00:11:08,900 --> 00:11:10,819 Suze: going to go down 154 00:11:11,730 --> 00:11:15,490 Suze: more than they are going to go up. The long 155 00:11:15,490 --> 00:11:17,429 Suze: term bias 156 00:11:18,690 --> 00:11:20,460 Suze: is down. 157 00:11:21,070 --> 00:11:25,780 Suze: Now, what happens to most of you is things start 158 00:11:25,780 --> 00:11:29,490 Suze: to go up and what you're invested in maybe is 159 00:11:29,490 --> 00:11:33,620 Suze: not participating. So now you get nervous because oh my God, 160 00:11:33,620 --> 00:11:39,699 Suze: I'm missing out. Stop it, everybody. Short term moves is 161 00:11:39,700 --> 00:11:43,939 Suze: not what you need to be involved with and get 162 00:11:43,950 --> 00:11:46,000 Suze: all freaked out about. 163 00:11:47,250 --> 00:11:50,330 Suze: So just because we've been going up does not mean 164 00:11:50,330 --> 00:11:54,860 Suze: we're going to continue up. However we may because there's 165 00:11:54,860 --> 00:11:58,880 Suze: no way to know for sure. But the bias when 166 00:11:58,880 --> 00:12:06,470 Suze: you look at everything, the bias is down. Now somebody 167 00:12:06,470 --> 00:12:09,320 Suze: sent in an email. I think her name was Dawn 168 00:12:09,320 --> 00:12:11,450 Suze: and I think it was yesterday morning when she sent 169 00:12:11,450 --> 00:12:12,179 Suze: it in 170 00:12:12,760 --> 00:12:16,850 Suze: that said Suze, can you talk about how you would 171 00:12:16,850 --> 00:12:20,979 Suze: diversify how you would rebalance a portfolio? 172 00:12:21,970 --> 00:12:28,100 Suze: And what Dawn was asking is really what sectors of 173 00:12:28,100 --> 00:12:35,200 Suze: the market or what ETFs would I be concentrating in right now? 174 00:12:35,800 --> 00:12:40,340 Suze: So if you are somebody who wants to invest in 175 00:12:40,340 --> 00:12:44,400 Suze: the areas and just the areas that are most likely 176 00:12:44,400 --> 00:12:46,569 Suze: to do well this year, 177 00:12:47,220 --> 00:12:51,439 Suze: then that is what you would do. Because remember when 178 00:12:51,440 --> 00:12:55,510 Suze: you buy the Vanguard total stock market index fund or 179 00:12:55,520 --> 00:12:58,190 Suze: the Standard and Poor's 500 fund or ETF, 180 00:13:00,750 --> 00:13:05,680 Suze: you are invested across the board. But many of them 181 00:13:05,690 --> 00:13:10,429 Suze: have more money invested in certain things like technology that 182 00:13:10,440 --> 00:13:12,690 Suze: maybe is not in favor. 183 00:13:13,260 --> 00:13:18,020 Suze: So just maybe you also might want to diversify by 184 00:13:18,020 --> 00:13:23,610 Suze: doing exchange traded funds that diversify you in a different way. 185 00:13:24,160 --> 00:13:27,530 Suze: So take out your Suze notebook. 186 00:13:28,550 --> 00:13:33,210 Suze: The areas of the market for this year that are 187 00:13:33,210 --> 00:13:35,900 Suze: projected to do well. 188 00:13:36,990 --> 00:13:40,090 Suze: are consumer staples, 189 00:13:40,740 --> 00:13:47,309 Suze: healthcare and utilities. Somebody wrote me and said Suze, 190 00:13:47,850 --> 00:13:51,979 Suze: I'm in a consumer staple ETF. Should I sell it? What 191 00:13:51,980 --> 00:13:55,740 Suze: should I do? It's really not going anywhere. Listen, it's 192 00:13:55,740 --> 00:13:59,220 Suze: still paying you a dividend. It's still pretty stable. 193 00:13:59,800 --> 00:14:03,880 Suze: I would be keeping it at this point in time. 194 00:14:04,790 --> 00:14:08,380 Suze: The other areas that have been great 195 00:14:09,220 --> 00:14:13,420 Suze: last year and will probably continue to be great, 196 00:14:14,400 --> 00:14:21,090 Suze: are energy and defensives such as Raytheon, things like that. 197 00:14:21,100 --> 00:14:25,460 Suze: So energy are many of the energy stocks that many 198 00:14:25,460 --> 00:14:32,060 Suze: of you own the Excel-E ETF and those are projected to 199 00:14:32,060 --> 00:14:36,230 Suze: continue to do well maybe not go up as much 200 00:14:36,240 --> 00:14:40,210 Suze: as they did in the past years but they're still 201 00:14:40,210 --> 00:14:43,920 Suze: not projected to absolutely go down 202 00:14:44,800 --> 00:14:51,100 Suze: what is projected to possibly go down our consumer discretionary ETF, 203 00:14:51,890 --> 00:15:00,310 Suze: or funds and information technology ETF, or funds or stocks. So 204 00:15:00,320 --> 00:15:02,320 Suze: information technology 205 00:15:02,630 --> 00:15:07,220 Suze: are things such as Apple and Amazon and those types 206 00:15:07,220 --> 00:15:12,790 Suze: of things technology that makes it easier for you to buy, 207 00:15:12,790 --> 00:15:16,410 Suze: to use your computer to do all of those things. 208 00:15:16,640 --> 00:15:25,990 Suze: Those areas are still underweighted in most professional portfolios. That's 209 00:15:25,990 --> 00:15:30,470 Suze: just something for you to think about industrials, 210 00:15:30,950 --> 00:15:35,350 Suze: the stocks that make up the Dow Jones industrial average 211 00:15:35,970 --> 00:15:42,500 Suze: Caterpillar, John Deere, stocks like that are also projected to 212 00:15:42,500 --> 00:15:46,610 Suze: do pretty well as well. So maybe what you want 213 00:15:46,610 --> 00:15:50,390 Suze: to do is buy an ETF that just buys the Dow 214 00:15:50,390 --> 00:15:56,230 Suze: Jones industrial average and then you would do a diversification 215 00:15:56,240 --> 00:16:02,170 Suze: between all of that. But what's really important for you 216 00:16:02,170 --> 00:16:03,650 Suze: to understand 217 00:16:04,220 --> 00:16:08,220 Suze: is that the first quarter, maybe even the second quarter 218 00:16:08,220 --> 00:16:12,700 Suze: of this year, I think we could see the Standard 219 00:16:12,700 --> 00:16:16,910 Suze: and Poor's go back down to 3500 I think what 220 00:16:16,910 --> 00:16:22,250 Suze: we need to see is people really, really freaking out 221 00:16:23,080 --> 00:16:26,980 Suze: and getting so afraid. It's not even funny 222 00:16:27,780 --> 00:16:33,880 Suze: and when that happens then very possibly we could see 223 00:16:33,890 --> 00:16:39,350 Suze: the bottom of this market and then we very possibly 224 00:16:39,350 --> 00:16:42,880 Suze: could turn around maybe this year? Just depending on what 225 00:16:42,880 --> 00:16:47,210 Suze: happens and start to see it go back up for 226 00:16:47,220 --> 00:16:50,870 Suze: a relatively longer period of time, 227 00:16:52,410 --> 00:16:56,650 Suze: Continue dollar cost averaging into whatever it is that you 228 00:16:56,650 --> 00:17:01,040 Suze: feel suits what your investment objectives are 229 00:17:01,900 --> 00:17:06,070 Suze: and just be careful that way. I still, as I 230 00:17:06,070 --> 00:17:09,869 Suze: said last year, I do not have a problem right now. 231 00:17:09,930 --> 00:17:14,800 Suze: Dollar cost averaging every other month or every third month 232 00:17:15,400 --> 00:17:18,760 Suze: because I just think that gives you a chance to 233 00:17:18,760 --> 00:17:21,770 Suze: see what's happening in the market. I am not timing 234 00:17:21,770 --> 00:17:22,609 Suze: the market, 235 00:17:23,220 --> 00:17:25,610 Suze: but I just think if you always do it on 236 00:17:25,609 --> 00:17:29,340 Suze: the same day every month, you may get caught in 237 00:17:29,340 --> 00:17:31,619 Suze: where we are right now. 238 00:17:32,170 --> 00:17:35,149 Suze: And given that I don't think we're gonna stay here. 239 00:17:35,150 --> 00:17:38,430 Suze: Although I don't know for sure, I would rather just 240 00:17:38,430 --> 00:17:41,300 Suze: wait a little and let's just even see what happens 241 00:17:41,350 --> 00:17:45,639 Suze: next week or the week after that. Let's talk about 242 00:17:45,650 --> 00:17:49,150 Suze: energy for a little bit. Since a lot of you 243 00:17:49,150 --> 00:17:52,470 Suze: are writing me about Devon and the energy stocks that 244 00:17:52,470 --> 00:17:53,820 Suze: you are in. 245 00:17:54,990 --> 00:17:58,800 Suze: I still feel with the opening of China 246 00:17:59,330 --> 00:18:02,440 Suze: and that opening is going to affect us more than 247 00:18:02,440 --> 00:18:09,000 Suze: you have any idea. I still think energy could absolutely 248 00:18:09,010 --> 00:18:17,540 Suze: still go up, energies resistance level is 81-82. Let's see 249 00:18:17,550 --> 00:18:21,530 Suze: if it can break through that, if it breaks through that, 250 00:18:21,980 --> 00:18:27,330 Suze: its next resistance is $93.50. 251 00:18:28,100 --> 00:18:32,320 Suze: I also think it's support level is about 70 252 00:18:32,990 --> 00:18:37,860 Suze: and if it goes under 70 its next resistance happens 253 00:18:37,859 --> 00:18:45,010 Suze: to be what? About 56. As long as energy or W. T. I. Crude, 254 00:18:45,020 --> 00:18:49,770 Suze: if you're looking it up, is about $60 a barrel 255 00:18:49,940 --> 00:18:56,060 Suze: we will be okay. Now I know that Devon and 256 00:18:56,070 --> 00:18:59,500 Suze: other energy stocks have gone up and down and up 257 00:18:59,510 --> 00:19:00,210 Suze: and down 258 00:19:00,480 --> 00:19:05,750 Suze: but still look at the dividend that it is paying you. 259 00:19:05,770 --> 00:19:11,760 Suze: So you are being paid just to wait if Devon 260 00:19:11,760 --> 00:19:15,380 Suze: and certain energy stocks happen to go up and it's 261 00:19:15,380 --> 00:19:18,010 Suze: making you nervous and you want to take your profits 262 00:19:18,010 --> 00:19:22,100 Suze: especially if you're in a retirement account and or 263 00:19:22,660 --> 00:19:25,199 Suze: you've owned it for more than one year. So you 264 00:19:25,200 --> 00:19:28,860 Suze: would only be having to pay capital gains tax on it. 265 00:19:30,109 --> 00:19:32,359 Suze: All right. You want to sell if that happens because 266 00:19:32,359 --> 00:19:34,340 Suze: it makes you nervous because you don't like seeing it 267 00:19:34,340 --> 00:19:36,669 Suze: go all the way up, all the way back down, 268 00:19:36,670 --> 00:19:41,090 Suze: all the way back up again. Okay, You have to 269 00:19:41,090 --> 00:19:45,460 Suze: do what you have to do to make you feel secure. 270 00:19:45,470 --> 00:19:50,360 Suze: So stop asking me if you should sell is now 271 00:19:50,359 --> 00:19:53,360 Suze: the time to sell. What do you think is gonna happen? 272 00:19:53,369 --> 00:19:55,250 Suze: This is your money everybody 273 00:19:55,619 --> 00:19:59,609 Suze: and my job is to hopefully educate you so that 274 00:19:59,609 --> 00:20:03,540 Suze: you on your own can make decisions 275 00:20:04,310 --> 00:20:07,429 Suze: as to what you want to do or not 276 00:20:08,080 --> 00:20:12,250 Suze: and you get so nervous with going up going down, 277 00:20:12,250 --> 00:20:13,590 Suze: going up going down 278 00:20:14,300 --> 00:20:17,989 Suze: so you're just going to have to decide. Remember I 279 00:20:17,990 --> 00:20:21,310 Suze: told you that the main reason that you are buying 280 00:20:21,310 --> 00:20:24,290 Suze: some of these stocks is for the dividend. 281 00:20:25,050 --> 00:20:27,869 Suze: When Devon started to go up and up, a lot 282 00:20:27,869 --> 00:20:29,570 Suze: of you were writing me and said is now the 283 00:20:29,570 --> 00:20:32,450 Suze: time should I buy more? And I asked you back 284 00:20:32,460 --> 00:20:37,090 Suze: are you buying it for the dividend? And you said no. 285 00:20:37,100 --> 00:20:41,550 Suze: So if you're just buying it for a stock that 286 00:20:41,550 --> 00:20:44,150 Suze: you're gonna see go up and then maybe you want 287 00:20:44,150 --> 00:20:46,500 Suze: to sell, that's not why I would be buying it. 288 00:20:46,930 --> 00:20:50,070 Suze: I would be buying it because of the dividend. And 289 00:20:50,070 --> 00:20:53,990 Suze: because I do think depending on when you buy it 290 00:20:54,040 --> 00:20:58,219 Suze: you can also make some money when you decide to 291 00:20:58,220 --> 00:21:02,940 Suze: sell it. If you ever decide to sell it. 292 00:21:03,580 --> 00:21:06,460 Suze: Let's talk about gold for a second here 293 00:21:07,070 --> 00:21:09,840 Suze: a while ago and I don't remember when 294 00:21:10,840 --> 00:21:13,760 Suze: I told all of you that I really liked a 295 00:21:13,760 --> 00:21:17,970 Suze: company whose symbol was G. O. L. D. It was 296 00:21:17,970 --> 00:21:21,630 Suze: Barrick Gold. It was paying you a nice dividend at 297 00:21:21,630 --> 00:21:24,629 Suze: the time and I did think gold was going to 298 00:21:24,630 --> 00:21:27,610 Suze: go up then again last week I think it was 299 00:21:27,609 --> 00:21:30,899 Suze: at about 18 something dollars a share. I get an 300 00:21:30,910 --> 00:21:34,350 Suze: email from somebody that says Suze, I listened to you, I 301 00:21:34,350 --> 00:21:37,720 Suze: bought it, I'm up 20%. Should I sell it? 302 00:21:38,570 --> 00:21:40,939 Suze: And I can't remember if I answered that or not 303 00:21:40,950 --> 00:21:44,340 Suze: because the answer would have been no but again I 304 00:21:44,340 --> 00:21:46,560 Suze: don't want to be the one to tell you to 305 00:21:46,560 --> 00:21:49,790 Suze: sell something or buy something. I want you to make 306 00:21:49,790 --> 00:21:53,770 Suze: those decisions on your own. Since then in just a 307 00:21:53,770 --> 00:21:59,290 Suze: week gold the stock G. O. L. D. Is currently 308 00:21:59,290 --> 00:22:04,040 Suze: at about 19.64 a share. 309 00:22:04,660 --> 00:22:09,790 Suze: Now it's year high, it's 52 week high it's $26 310 00:22:09,800 --> 00:22:12,899 Suze: a share. So you may look at that and you 311 00:22:12,900 --> 00:22:16,149 Suze: may think oh if I bought it here I have 312 00:22:16,150 --> 00:22:19,609 Suze: room if gold is going to go up to make 313 00:22:19,609 --> 00:22:22,090 Suze: some money now I also want to tell you at 314 00:22:22,100 --> 00:22:28,139 Suze: this price it's still paying you a dividend of about 2.83%. 315 00:22:28,150 --> 00:22:30,869 Suze: Okay but here's the problem. 316 00:22:31,410 --> 00:22:38,810 Suze: Gold right now is at $1923 an ounce. OK 317 00:22:39,440 --> 00:22:48,480 Suze: And gold's resistance was 1900. So gold itself broke through 318 00:22:48,480 --> 00:22:53,260 Suze: its resistance level. So what does that mean? It means 319 00:22:53,260 --> 00:22:59,600 Suze: it absolutely could continue up but its next resistance level 320 00:22:59,619 --> 00:23:07,940 Suze: is only at 2063, an ounce. Are you all following me? 321 00:23:08,619 --> 00:23:14,350 Suze: So this isn't where I would be necessarily chasing this 322 00:23:14,359 --> 00:23:20,170 Suze: stock or gold on any level because we're pretty close here. 323 00:23:20,180 --> 00:23:24,330 Suze: I would wait and I would see however I still 324 00:23:24,340 --> 00:23:27,400 Suze: think gold itself the commodity 325 00:23:27,990 --> 00:23:33,580 Suze: Is favorable for right now. But remember anything like a 326 00:23:33,580 --> 00:23:39,520 Suze: commodity like gold is extremely speculative so you would never 327 00:23:39,520 --> 00:23:44,399 Suze: have more than 5% at most, maybe, maybe not even 328 00:23:44,400 --> 00:23:50,000 Suze: that invested in a commodity like gold or silver or 329 00:23:50,000 --> 00:23:54,420 Suze: copper or whatever. The reason that I like the stock. 330 00:23:54,940 --> 00:23:59,240 Suze: Barrick stock when I recommended it is because I did 331 00:23:59,240 --> 00:24:00,930 Suze: think it was going to go up and at the 332 00:24:00,930 --> 00:24:05,320 Suze: time it was pain I think about 3 3.5% of 333 00:24:05,320 --> 00:24:09,980 Suze: a dividend. So at that time I thought it was good. 334 00:24:10,020 --> 00:24:14,080 Suze: So for those of you who have already purchased it, 335 00:24:14,119 --> 00:24:16,610 Suze: I'm not talking to those of you now who have 336 00:24:16,609 --> 00:24:20,150 Suze: not purchased it yet, to those of you who already 337 00:24:20,150 --> 00:24:24,120 Suze: have purchased it. What you need to take into consideration 338 00:24:24,700 --> 00:24:25,810 Suze: is that 339 00:24:26,630 --> 00:24:37,900 Suze: Barrick is at $19.64 with gold itself being at $1923 340 00:24:37,900 --> 00:24:38,730 Suze: an ounce. 341 00:24:39,400 --> 00:24:47,840 Suze: With gold resistance level at just $2,063 an ounce. Again, 342 00:24:47,850 --> 00:24:51,760 Suze: resistance level means that once it gets to that point 343 00:24:51,830 --> 00:24:55,459 Suze: it needs a lot behind it to break through it 344 00:24:55,470 --> 00:24:58,899 Suze: and then we see what happens. Those are the facts 345 00:24:58,900 --> 00:25:03,590 Suze: that you need to take into consideration if you should 346 00:25:03,590 --> 00:25:09,070 Suze: sell it here or not. Got that. Alright 347 00:25:09,600 --> 00:25:11,770 Suze: next. Do you understand what I'm trying to do with 348 00:25:11,770 --> 00:25:12,369 Suze: all of you? 349 00:25:13,180 --> 00:25:18,050 Suze: I'm trying to educate you on what you can look at, 350 00:25:18,150 --> 00:25:22,450 Suze: to make decisions on your own because what is one 351 00:25:22,450 --> 00:25:25,950 Suze: of my favorite sayings in life, You will never be 352 00:25:25,950 --> 00:25:30,260 Suze: powerful in life until you're powerful over your own money. 353 00:25:30,260 --> 00:25:32,860 Suze: How you think about it, how you feel about it 354 00:25:32,859 --> 00:25:34,350 Suze: and how you invest it 355 00:25:35,200 --> 00:25:39,130 Suze: and I want all of you to own the power 356 00:25:39,140 --> 00:25:45,869 Suze: to control your destiny. Let's quickly talk about Bitcoin here. 357 00:25:46,510 --> 00:25:53,129 Suze: Alright. Bitcoin has seriously rallied to really close to about $21,000. 358 00:25:53,140 --> 00:25:54,490 Suze: A Bitcoin. 359 00:25:55,109 --> 00:25:57,800 Suze: Again, please keep in mind 360 00:25:58,400 --> 00:26:02,190 Suze: That its resistance level is at this point because it 361 00:26:02,190 --> 00:26:11,700 Suze: broke through its initial resistance level which was 18,477. And 362 00:26:11,700 --> 00:26:16,510 Suze: again when it breaks through a resistance level and keeps 363 00:26:16,510 --> 00:26:25,210 Suze: going fabulous, it's next resistance is 21,500. Alright. 364 00:26:25,840 --> 00:26:29,180 Suze: Now if it doesn't continue to break through that, 365 00:26:29,950 --> 00:26:33,930 Suze: Then it is very possible you will see it retreat 366 00:26:33,970 --> 00:26:39,379 Suze: to about 17,000 because that is its support level where 367 00:26:39,380 --> 00:26:42,359 Suze: it could easily go down and maybe stop going down 368 00:26:42,369 --> 00:26:46,179 Suze: at that point. But if it breaks that support level 369 00:26:46,190 --> 00:26:54,530 Suze: it could easily go to 15,900. Again, long term bias 370 00:26:54,540 --> 00:26:56,080 Suze: on Bitcoin 371 00:26:56,430 --> 00:27:02,060 Suze: is down. So I would not on any level be 372 00:27:02,060 --> 00:27:04,730 Suze: chasing Bitcoin here. 373 00:27:05,720 --> 00:27:11,630 Suze: Remember you only invest in Cryptocurrency with money that you 374 00:27:11,630 --> 00:27:16,790 Suze: can afford to lose. So very possibly if you bought 375 00:27:16,790 --> 00:27:18,950 Suze: it when it was way down and now it's up 376 00:27:18,960 --> 00:27:21,530 Suze: at 21,000 approximately 377 00:27:22,090 --> 00:27:25,130 Suze: you might want to just think about it, that is 378 00:27:25,130 --> 00:27:27,270 Suze: money that you made. 379 00:27:28,240 --> 00:27:32,869 Suze: So the real problem with investing in my opinion is this, 380 00:27:32,930 --> 00:27:36,730 Suze: you buy something and then it goes up and you're 381 00:27:36,730 --> 00:27:40,570 Suze: just so happy with the fact that you made 20 382 00:27:40,570 --> 00:27:44,470 Suze: or 30% on your money until you sell it and 383 00:27:44,470 --> 00:27:48,140 Suze: it continues up and in your head you're saying to yourself, 384 00:27:48,140 --> 00:27:51,580 Suze: my God, if I had just kept it, I'd be 385 00:27:51,580 --> 00:27:55,060 Suze: up 50%, I'd be up 100%. 386 00:27:56,270 --> 00:28:00,450 Suze: That is not how you should look at something, you 387 00:28:00,450 --> 00:28:04,080 Suze: should look at the money you made, be happy that 388 00:28:04,080 --> 00:28:07,350 Suze: you made it. And then don't look at that investment 389 00:28:07,359 --> 00:28:10,990 Suze: anymore because if it continues to go up, it will 390 00:28:10,990 --> 00:28:14,530 Suze: make you sick to your stomach and then what will 391 00:28:14,530 --> 00:28:18,030 Suze: happen is next time you have an investment and it's 392 00:28:18,030 --> 00:28:21,460 Suze: up 20%, you will wait till it goes up to 393 00:28:21,460 --> 00:28:24,550 Suze: 40 or 50% before you want to sell it. 394 00:28:25,150 --> 00:28:28,960 Suze: And then rather than it going up to 40 or 50%, 395 00:28:28,970 --> 00:28:31,930 Suze: it goes down and now you're down 40%. 396 00:28:32,800 --> 00:28:37,190 Suze: So you need to know when you've made money and 397 00:28:37,190 --> 00:28:39,520 Suze: you feel good about it. 398 00:28:40,500 --> 00:28:42,630 Suze: And if you feel good about it and it makes 399 00:28:42,630 --> 00:28:48,600 Suze: sense tax wise, you will never ever go broke taking 400 00:28:48,610 --> 00:28:54,540 Suze: a profit, especially in times like this, 401 00:28:55,200 --> 00:29:00,550 Suze: where the markets seriously are all over the place and 402 00:29:00,550 --> 00:29:07,350 Suze: we still have all these outside influences affecting what could 403 00:29:07,350 --> 00:29:11,460 Suze: happen to the economy and to the stock market, 404 00:29:12,090 --> 00:29:14,540 Suze: the other point that I wanted to make and I'm 405 00:29:14,540 --> 00:29:18,660 Suze: not sure that I did is when I started today's 406 00:29:18,660 --> 00:29:23,280 Suze: podcast on how expensive food happens to be. 407 00:29:23,830 --> 00:29:26,220 Suze: And the decision we made with it, 408 00:29:27,060 --> 00:29:32,090 Suze: inflation is still here. Now. I understand very well that 409 00:29:32,090 --> 00:29:34,740 Suze: inflation is starting to come down, 410 00:29:36,260 --> 00:29:40,990 Suze: but I don't see it yet in the prices that 411 00:29:40,990 --> 00:29:46,370 Suze: are affecting you such as food and rent. 412 00:29:47,640 --> 00:29:50,640 Suze: And even though I do think rents are starting to 413 00:29:50,640 --> 00:29:55,760 Suze: come down, I do not see food coming down at 414 00:29:55,760 --> 00:30:00,370 Suze: this point in time. Are you kidding me? $10 for 415 00:30:00,370 --> 00:30:03,980 Suze: a dozen eggs. If they're organic... 416 00:30:04,680 --> 00:30:08,780 Suze: How do you do that? How does anybody do that, 417 00:30:08,790 --> 00:30:13,850 Suze: that works a job? Do you know that 60% of 418 00:30:13,850 --> 00:30:18,100 Suze: the people in the United States are living paycheck to 419 00:30:18,100 --> 00:30:21,800 Suze: paycheck and that's been true for a while now. And 420 00:30:21,800 --> 00:30:25,120 Suze: if they were living paycheck to paycheck before all of 421 00:30:25,120 --> 00:30:29,300 Suze: these prices went up. What are they doing now? 422 00:30:29,960 --> 00:30:34,410 Suze: So I say that to you because even though things 423 00:30:34,410 --> 00:30:38,260 Suze: seem like they're getting better, I want you to wait 424 00:30:38,270 --> 00:30:43,980 Suze: and see. Are they getting better in your individual household. 425 00:30:44,180 --> 00:30:47,890 Suze: I just want you to keep that in mind and 426 00:30:47,890 --> 00:30:52,710 Suze: be really, really careful on what you choose to spend 427 00:30:52,720 --> 00:30:58,380 Suze: your money on now. Treasury bills and notes. 428 00:30:58,930 --> 00:31:02,220 Suze: I still love them. I still love them. But I 429 00:31:02,220 --> 00:31:05,090 Suze: want to talk about the 10 year Treasury note for 430 00:31:05,090 --> 00:31:09,200 Suze: one second here. I think you will see 10 year 431 00:31:09,200 --> 00:31:16,870 Suze: Treasury notes go up to at least 4.34% or about 4.5%. 432 00:31:17,390 --> 00:31:21,690 Suze: Which wouldn't necessarily be a bad time to lock in 433 00:31:21,690 --> 00:31:25,350 Suze: that interest rate. But that is not where we are 434 00:31:25,360 --> 00:31:27,550 Suze: at this moment in time. 435 00:31:28,630 --> 00:31:33,950 Suze: I covered the stock market Gold cryptocurrencies Treasuries. 436 00:31:34,820 --> 00:31:36,930 Suze: I know I didn't mention I bonds. 437 00:31:37,690 --> 00:31:42,330 Suze: I want to wait to decide about I bonds just 438 00:31:42,330 --> 00:31:44,170 Suze: for another month or two. 439 00:31:45,060 --> 00:31:48,900 Suze: Especially since you could just put your money that you 440 00:31:48,900 --> 00:31:52,810 Suze: would normally be investing in. I bonds in a short 441 00:31:52,810 --> 00:31:55,380 Suze: term Treasury. So you're not missing out on a good 442 00:31:55,390 --> 00:32:01,150 Suze: interest rate. And the 6.8% is not going to change 443 00:32:01,160 --> 00:32:04,930 Suze: until May 1st of this year. So we still have 444 00:32:04,930 --> 00:32:09,860 Suze: time to decide what we should and should not be doing. 445 00:32:09,900 --> 00:32:11,910 Suze: Remember when you invest in an I bond, 446 00:32:13,060 --> 00:32:16,390 Suze: you cannot touch it for the first year and then 447 00:32:16,390 --> 00:32:21,890 Suze: years two through five, there is a three month interest penalty. 448 00:32:21,910 --> 00:32:26,790 Suze: So a three month interest penalty on even a lower 449 00:32:26,790 --> 00:32:30,570 Suze: interest rate would bring you below what you could be 450 00:32:30,570 --> 00:32:36,380 Suze: getting in What? In Treasuries now, I understand that interest 451 00:32:36,380 --> 00:32:41,370 Suze: rates compounding everything in series I bonds. They are tax deferred. 452 00:32:41,850 --> 00:32:44,620 Suze: But I'm not sure if you have a whole lot 453 00:32:44,620 --> 00:32:49,210 Suze: of money in Series I bonds and you keep tax 454 00:32:49,210 --> 00:32:53,690 Suze: deferring them and eventually you want to take your money 455 00:32:53,700 --> 00:32:57,180 Suze: out what that does to you. If you've made a 456 00:32:57,180 --> 00:32:59,270 Suze: lot of interest that you are now going to have 457 00:32:59,270 --> 00:33:00,960 Suze: to pay taxes on. 458 00:33:01,480 --> 00:33:06,490 Suze: So just let's wait when they were in the 9% area, 459 00:33:06,490 --> 00:33:09,490 Suze: the 7% area knowing that they were going to even 460 00:33:09,490 --> 00:33:12,010 Suze: go up a whole different story. 461 00:33:13,040 --> 00:33:16,370 Suze: I just also want to say that this week I 462 00:33:16,370 --> 00:33:20,850 Suze: was able to meet my team at Secure Save as 463 00:33:20,850 --> 00:33:24,360 Suze: many of you know, I co founded a company with 464 00:33:24,360 --> 00:33:28,400 Suze: two other extraordinary people by the name of Devin Miller 465 00:33:28,400 --> 00:33:32,500 Suze: and Bessam Saliba, I met their wives, we all met 466 00:33:32,500 --> 00:33:36,860 Suze: face to face for the first time in almost three 467 00:33:36,870 --> 00:33:38,020 Suze: years 468 00:33:38,270 --> 00:33:41,970 Suze: and oh my God, we had such a love fest 469 00:33:41,980 --> 00:33:46,010 Suze: and I met almost all of our employees, we now 470 00:33:46,010 --> 00:33:49,120 Suze: have almost 19, can you believe it? Or 20 at 471 00:33:49,120 --> 00:33:54,700 Suze: this point in time and it was a great time 472 00:33:55,230 --> 00:33:58,670 Suze: to really realize that what we are doing with Secure 473 00:33:58,670 --> 00:34:03,910 Suze: Save is one of the most important missions any of 474 00:34:03,910 --> 00:34:08,350 Suze: us could be on. Secure Save dot com is where 475 00:34:08,350 --> 00:34:11,890 Suze: you can go to learn more about it, but essentially 476 00:34:11,950 --> 00:34:18,160 Suze: it is an employer sponsored emergency savings plan for employees 477 00:34:18,300 --> 00:34:22,310 Suze: that the employees can access the money at any time 478 00:34:22,310 --> 00:34:23,270 Suze: they want 479 00:34:23,760 --> 00:34:29,450 Suze: and the employer matches the contribution. Fabulous, it is not 480 00:34:29,460 --> 00:34:33,029 Suze: in plan, like your retirement accounts are, it is out 481 00:34:33,030 --> 00:34:37,219 Suze: of plan and many corporations are starting to adopt it 482 00:34:37,280 --> 00:34:40,700 Suze: if it is something you would like your corporation to do, 483 00:34:41,300 --> 00:34:45,560 Suze: go to Secure Save dot com and put down your 484 00:34:45,560 --> 00:34:49,510 Suze: corporation's name and we will contact them, just want to 485 00:34:49,510 --> 00:34:54,480 Suze: say that. But it was so fabulous. Alright. I'm so 486 00:34:54,480 --> 00:34:57,029 Suze: happy now to be going back to the island where 487 00:34:57,030 --> 00:35:00,800 Suze: it's 50 degrees, but I love that. 488 00:35:00,890 --> 00:35:03,750 Suze: It's just so great to be able to walk around 489 00:35:03,760 --> 00:35:06,760 Suze: and have the wind in the cold, especially when you 490 00:35:06,760 --> 00:35:10,750 Suze: spend most of your life in 80 or 90° weather. 491 00:35:10,760 --> 00:35:15,420 Suze: So until next week there's really only one thing that 492 00:35:15,420 --> 00:35:17,919 Suze: I want all of you to know 493 00:35:18,350 --> 00:35:23,570 Suze: today, wherever we go, we will create a more peaceful, 494 00:35:23,810 --> 00:35:30,109 Suze: joyful and loving world. That is our goal for all 495 00:35:30,110 --> 00:35:34,650 Suze: of us. All right now, you stay safe and secure. 496 00:35:34,730 --> 00:35:35,830 Suze: Bye bye now.